Home  Journals  International Accounting  9(519) - 2024 September

Determining the materiality for auditing procedures in relation to integrated reporting

Received: 20 May 2024

Received in revised form: 22 July 2024

Accepted: 12 August 2024

Available online: 16 September 2024

Subject Heading: AUDIT ACTIVITY

JEL Classification: M42, Q01

Pages: 1067-1084

https://doi.org/10.24891/ia.27.9.1067

Subject. This article examines the problem of fragmentation of the methodology for auditing (certifying) non-financial reporting, namely, determining the materiality for auditing procedures in relation to integrated reporting.
Objectives. The article aims to analyze and work out the existing methodological approach to determining materiality for auditing procedures in relation to integrated reporting, taking into account the features of modern corporate reporting and the requirements of international standards.
Methods. For the study, I used logical analysis and synthesis.
Results. The article proposes a systems approach to the implementation of audit procedures in terms of unifying the process of determining materiality in the context of the changing paradigm of corporate reporting.
Conclusions. When determining materiality as part of audit procedures in relation to integrated reporting, the article recommends adhering to the principle of quantification of double materiality in relation to the financial materiality of the business process decomposed by the cost item.

Keywords: materiality, audit, assurance, audit procedure, integrated reporting, International Standard on Sustainability Assurance (ISSA) 5000

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